Online Dictionary

deposit account Explained

deposit account at English => English (Longman) Of Explained:

n [C] especially BrE a bank account that pays interest on the money that you leave in it// checking account, current account//

deposit account at English => English (The Britannica Concise) Of Explained:

Either of two basic bank deposit accounts. The demand deposit is payable on demand (see check). Theoretically, the time deposit is payable only after a fixed interval of time; in practice, withdrawals from most small time-deposit accounts are paid on demand.

deposit account at English => English (Oxford Advanced Learners) Of Explained:

noun
(BrE) a type of account at a bank or BUILDING SOCIETY that pays interest on money that is left in it
compare CURRENT ACCOUNT

deposit account at English => English (WordNet) Of Explained:

deposit account
n : a savings account in which the deposit is held for a fixed
term or in which withdrawals can be made only after
giving notice or with loss of interest [syn: {time
deposit account}]